EX-12 16 a2178643zex-12.htm EXHIBIT 12

Ratio of Earnings to Fixed Charges:

Our ratio of earnings to fixed charges for each of the periods indicated (dollars in millions):

 
  Fiscal Year
   
   
  Supplemental
pro forma twelve
months ended
February 3, 2007

 
 
  Three months
ended
May 5, 2007

  Three months
ended
April 29, 2006

 
 
  2002
  2003
  2004
  2005
  2006
 
Fixed charges                                                  
Interest expense (total)   $ 21.1   $ 20.3   $ 20.4   $ 22.4   $ 104.5   $ 95.4   $ 0.2   $ 395.5  
Interest factor attributable to rental expense     72.2     78.8     85.2     92.1     98.0     24.3     25.4     98.0  
   
 
 
 
 
 
 
 
 
Total fixed charges   $ 93.3   $ 99.1   $ 105.6   $ 114.5   $ 202.5   $ 119.7   $ 25.6   $ 493.5  

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Pre-tax income (loss) from continuing operations   $ 223.4   $ 274.7   $ 326.9   $ 368.6   $ 110.0   $ (33.5 ) $ 83.1   $ (190.7 )
Plus fixed charges     93.3     99.1     105.6     114.5     202.5     119.7     25.6     493.5  
   
 
 
 
 
 
 
 
 
Total earnings   $ 316.7   $ 373.8   $ 432.5   $ 483.1   $ 312.5   $ 86.2   $ 108.6     302.8  
Ratio of earnings to fixed charges(1)     3.4     3.8     4.1     4.2     1.5         4.2      
Deficiency                       $ (33.5 )     $ (190.7 )

(1)
This ratio is computed by dividing the total earnings by the total fixed charges. Earnings are defined as income (loss) before income taxes and cumulative effect of accounting change, plus fixed charges. Fixed charges are defined as total interest expense related and an estimate of the interest component within rent expense.